promotion image of download ymail app
Promoted
Anonymous
Anonymous asked in Business & FinancePersonal Finance · 6 years ago

I want to know hw bank transfer there money?

1 Answer

Relevance
  • 6 years ago
    Favorite Answer

    In the US, primarily by FedWire.

    http://en.wikipedia.org/wiki/Fedwire

    It's a computerized electronic system, very secure, very fast. Let's say I needed $100,000 ASAP for something. I could tell my brokerage company to wire the money to my bank. The money is available immediately for withdrawal. Contrast that a check which may take 7-10 days to clear or an EFT (ACH) transfer which may be available the next day, or not

    Source(s): experience
    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.